Ways to avoid Foreclosure A Look at the Foreclosure Process Foreclosure Relief Options The HOPE for Homeowners Program How to Recognize Foreclosure Rescue Scams

A Brief Look at the Foreclosure Process

If you are facing foreclosure, it is important to get informed. Being informed may enable you to find ways that you can get into a new home and protect your credit before it’s too late (see Foreclosure Relief Options). Below is a brief description of the foreclosure process so that you know what to expect should you face foreclosure at some point in the future (Note: foreclosure laws and time periods vary from state to state):

If you are facing financial difficulties and can’t make your mortgage payments, it is a good idea to talk to you lender and see what kind of relief options they may offer you as an alternative to foreclosure (see Working with Creditors http://www.bankruptcyinfonetwork.com/working-creditors.htm). Being proactive may just help you avoid foreclosure and give you the opportunity to enjoy your home for many years to come (see Avoiding Foreclosure http://www.bankruptcyinfonetwork.com/avoiding-foreclosure.htm). An experienced attorney should also be able to help you navigate difficult times and provide you with the knowledge you need to make informed decisions about how best to deal with your financial situation.